Plasma price pattern points to rebound, transactions jump

cryptonews

Oct 06

Plasma price moved into a bear market after its recent airdrop, even as its transactions and assets in its decentralized finance surge. Summary Plasma’s sharp price decline highlights a growing ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlasma price pattern points to rebound, transactions jump\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-06 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/plasma-price-pattern-points-rebound-transactions-jump/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plasma price moved into a bear market after its recent airdrop, even as its transactions and assets in its decentralized finance surge. \n\n\nSummary\n\n\n\nPlasma’s sharp price decline highlights a growing ...</p>\n\n<a href=\"https://crypto.news/plasma-price-pattern-points-rebound-transactions-jump/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XPL.AU","symbol_name":"Managed Accounts","start_time":0,"source_url":"https://crypto.news/plasma-price-pattern-points-rebound-transactions-jump/","article_id":"2573761273","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/plasma-price-pattern-points-rebound-transactions-jump/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2573761273","pubTimestamp":1759680000,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Plasma price moved into a bear market after its recent airdrop, even as its transactions and assets in its decentralized finance surge.Plasma’s sharp price decline highlights a growing disconnect between on-chain fundamentals and market sentiment.The coming weeks will test whether Plasma’s fundamentals can stabilize investor confidence and spark a recovery.Plasma  token slipped below a crucial support level at $1 and then bottomed at a low of $0.8720. It has dropped by almost 50% from its highest point this month.Plasma token has plunged despite the strong performance of its network. Nansen data shows that number of transactions in the network jumped by 5,200% in the last 30 days to over 28.7 million. This growth made it the fastest player in the layer-1 and layer-2 industries.Additionally, Plasma has become a top name in the stablecoin industry, where its total stablecoin market cap has jumped to over $5.28 billion.The two-hour chart shows that the Plasma price peaked at $1.6938 after","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"XPL.AU":"Managed Accounts","XPL":"Solitario Exploration & Royalty","BK4168":"多种金属与采矿"},"translate_title":"血浆价格格局指向反弹，交易量猛增","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XPL.AU":1,"XPL":1},"content_text":"Plasma price moved into a bear market after its recent airdrop, even as its transactions and assets in its decentralized finance surge. \n\n\nSummary\n\n\n\nPlasma’s sharp price decline highlights a growing disconnect between on-chain fundamentals and market sentiment. \nDespite surging network activity, soaring DeFi deposits, and a new partnership with Chainlink, the token’s post-airdrop selloff underscores how short-term profit-taking and liquidity dynamics can overshadow strong project performance. \nThe coming weeks will test whether Plasma’s fundamentals can stabilize investor confidence and spark a recovery.\n\n\n\nPlasma price plunged despite ecosystem growth\nPlasma (XPL) token slipped below a crucial support level at $1 and then bottomed at a low of $0.8720. It has dropped by almost 50% from its highest point this month. \nPlasma token has plunged despite the strong performance of its network. Nansen data shows that number of transactions in the network jumped by 5,200% in the last 30 days to over 28.7 million. This growth made it the fastest player in the layer-1 and layer-2 industries. \nMore data revealed that the number of active addresses also soared, reaching over 878,600. This makes it bigger than other chains like Somnia, Starknet, and Avalanche. \nMore data shows that Plasma has become the fifth-biggest chain in terms of total value locked. Its DeFi TVL jumped to over $10 billion, making it only smaller than popular chains like Ethereum, Solana, BSC, and Bitcoin.Plasma has overtaken popular chains like Cardano, Tron, and Suio.\nAdditionally, Plasma has become a top name in the stablecoin industry, where its total stablecoin market cap has jumped to over $5.28 billion. \nPlasma’s growth will likely accelerate after thee network reached a partnership with Chainlink, which is now its official oracle provider. \nTherefore, the XPL price has likely crashed as the airdrop recipients start selling their tokens. This is a common occurrence whenever a new airdrop happens. \nXPL price technical analysis \nPlasma price chart | Source: crypto.news\nThe two-hour chart shows that the Plasma price peaked at $1.6938 after its airdrop. It then plunged and reached a low of $0.8312. \nThere are signs that the coin has bottomed as it formed a double-bottom pattern at $0.8312. This is one of the most popular bullish reversal patterns in technical analysis. \nIt has formed a falling wedge pattern, which is also another highly bullish sign. Therefore, the token will likely have a strong bullish breakout, potentially to the psychological point at $1. A drop below the support at $0.8312 will invalidate the bullish view.\n\n\n\n\n\n                Read more:\n            \n\n                XRP price wedge points to a surge as XRPR ETF inflows jump","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}